Coronavirus update: Global case tally passes 3.5 million; Trump and senior officials continue to lash out at China J. Crew files for bankruptcy and GE announces permanent job cuts at its aviation unit; global deaths top 250,000The number of cases of the coronavirus that causes COVID-19 climbed above 3.54 million on Monday, as President Donald Trump and senior members of his administration continued to lash out at China, where the virus was first reported late last year.

Coronavirus update: German infection rate ticks higher after reopening moves, offers lesson to U.S. governors Caterpillar says 75% of facilities are operating and Merck expects virus to shave $2.1 billion off full-year revenueU.S. governors pushing to reopen their states after COVID-19-driven lockdowns may want to look to Germany on Tuesday, where early attempts to lift restrictions on movement had led to an increase in the coronavirus infection rate.

Here’s how Global CEOs think the coronavirus recovery will look as business activity plungesMost CEOs around the world expect a slow U-shaped recovery from the coronavirus pandemic, according to a new report.

Coronavirus update: 2.02 million cases worldwide, 130,528 deaths; Trump move to defund WHO draws rebuke Best Buy has retained 70% of sales during crisis, as toilet-paper sales allow Procter & Gamble’s to boost dividendThe number of U.S. cases of the coronavirus that causes COVID-19 rose above 610,000 on Wednesday, as President Donald Trump suspended funding to the World Health Organization, drawing criticism from other world leaders and health officials during the middle of the pandemic.

Coronavirus update: 1.54 million cases worldwide, 93,425 deaths and millions of Americans seek jobless benefits GE offers first glimpse of how the coronavirus is impacting its business and Starbucks says it has halved quarterly earningsThe number of Americans seeking jobless benefits soared again on Thursday, in the latest sign of how the coronavirus that causes COVID-19 is impacting all sectors of the economy, as companies are forced to furlough and lay off workers

Coronavirus update: 1.46 million cases worldwide, 85,397 deaths; Wuhan lifts travel ban, while U.S. case tally tops 400,000 Arconic is cutting 10% of its workforce, and McDonald’s has raised $6.5 billion in debt to boost liquidityThe number of U.S. cases of the coronavirus that causes COVID-19 rose above 400,000 on Wednesday, as companies continued to cut costs and furlough workers as they close offices and idle plants to prevent the spread of the deadly illness.

Coronavirus update: 1.06 million cases, 55,781 deaths and U.S. health care workers clamor for masks and gloves Disney will start furloughing staff shortly and FedEx warns it may breach covenants if it has to borrow moreThe U.S. labor market showed further signs of damage from the coronavirus that causes COVID-19 on Friday as the global case tally continued to extend beyond a million and the death toll passed 55,000.

Steel billionaire Gupta shuffles reporting dates at GFG AllianceIn early March, several of GFG Alliance entities changed their financial year-ends from Mar. 31 to Jun. 30, according to filings with Companies House. This week, they changed the year-ends back again. It is unusual to do so twice in such quick succession.

Oil rallies, with U.S. prices up nearly 25% as Trump expects Saudi Arabia and Russia to cut production Market skeptical oil output cuts will happen soonOil futures rally Thursday, sending U.S. prices up by nearly 25% as President Donald Trump tweeted that he expects Saudi Arabia and Russia to reach an agreement to significantly cut production.

What’s essential? In France, pastry and wine; in the U.S., golf and guns Attempting to slow the spread of the virus, authorities in many places are determining which shops and services can remain openThe coronavirus pandemic is defining for the globe what’s “essential” and what things we really can’t do without, even though we might not need them for survival.

Coronavirus update: 118,100 cases, 4,262 deaths, airlines cut capacity and some CEOs take pay cuts American Airlines and Delta Air Lines are cutting capacity. Norwegian has temporarily laid off workers, and United’s CEO is foregoing a salaryAirlines, hotels and cruise line operators that have relied on consumers and business professionals who have been spending freely on travel are again telling investors to prepare for a financial hit as the COVID-19 outbreaks in four European countries and in the U.S. have worsened.

‘We are in uncharted territory,’ says WHO leader as non-China virus cases climbMushrooming outbreaks in the Mideast, Europe and South Korea contrasted with optimism in China, where thousands of recovered patients were going home. A growing outbreak in the United States led schools and subways to sanitize, a search for a vaccine to be pushed, and fears of vulnerability for nursing home residents spread.

Not one S&P 500 CEO is donating to Bernie Sanders or Elizabeth Warren Democratic presidential hopefuls Klobuchar, Buttigieg and Biden each get money from at least five S&P chief executivesWhile the moderate 2020 Democrats finished behind Bernie Sanders in New Hampshire, presidential hopefuls Amy Klobuchar, Pete Buttigieg and Joe Biden are winning over S&P 500 CEOs, as the execs vote for them with their wallets.

CEOs are switching between industries 4 times as much due to blurring of skillsNew data shows a blurring of skills has prompted a 45% increase in executives moving between the sectors from 2015 to 2019.

Trump doubles down on threats to impose tariffs on European cars at Davos Trump also promises more tax cuts, wider travel banPresident Trump said Tuesday that he is serious about imposing tariffs on European automobiles if he can’t strike a trade agreement with the European Union.

Climate crisis dominates the top risks in World Economic Forum report ahead of Davos Betting against BlackRock and others taking climate change head on could be a losing propositionA decade of record-setting heat and ice melt, punctuated by the fires consuming Australia right now, position climate-change risks atop the list of concerns as chief executives from the world’s most powerful companies ready to gather in Davos.

Lenders aren’t moving fast enough to replace Libor, warns global banking monitor CEOs of Australian, British and European banks already received letters from regulatorsBanks should ‘expect increased scrutiny of their transition efforts’ as the end of the scandal-plagued London interbank offered rate, or Libor, approaches in 2021, the Financial Stability Board warned on Wednesday.

Dow gains more than 100 points at Wednesday's start of trading as optimism on tariff pact resurfaces U.S. stocks benchmarks kicked off Wednesday morning trade higher as investors took cheer from a report that Beijing and Washington are still working toward a phase one trade deal, offsetting fears of a delay sparked by President Donald Trump's Tuesday remarks. The Dow Jones Industrial Average rose 130 points. or 0.5%, at 27,629, cutting some of the 280-point skid from Tuesday, while the S&P 500 index advanced 12 points, or 0.4%, at 3,105, and the Nasdaq Composite Index climbed 0.4% at 8,556.
Markets also were digesting glum reports from payroll-processor Automatic Data Processing Inc. , which showed that employers added just 67,000 workers in November, payroll processor ADP said, a much weaker reading than analysts had forecast, made worse by cuts to earlier months. The more closely followed report from the Labor Department comes out on Friday. Elsewhere on the economic front, Wall Street is awaiting service-sector data on the U.S. economy, which is due later in the morning, highlighted by an the Institute for Supply Management's nonmanufacturing index report due at 10 a.m. Eastern Time. On the company front, Expedia Group Inc. shares jumped after a reshuffle of top executives over ongoing disagreements over strategy.

Fossil-fuel giant Repsol targets net-zero emissions in strategic shiftThe company said late Monday that its management analyzed the company’s role “in the fight against climate change,” which triggered the strategic shift.

Critics say KKR’s ‘responsible investment’ stance is being clouded by its stake in a controversial tear-gas maker ‘KKR can’t have it both ways,’ says Mayra Rodriguez Valladares of MRV AssociateExecutives from KKR & Co. Inc. have raised more than $1 billion in 2019 for their “impact fund“ as the alternative investment firm has made respect for human rights one of the tenets of its private-equity business.

These ‘all-terrain’ stocks are vital for investors when the world comes unglued Critical information for the U.S. trading dayMarkets are looking up thanks to some positive headlines on the trade front, but our call of the day says investors need to be prepared for anything that could rock their portfolio. Enter the “all-terrain” portfolio.

HSBC’s reported job cuts signal that banks are struggling to find their postcrisis footing HSBC is said to plan cuts of some 10,000 jobsHSBC’s massive layoffs stand as a reminder that more than a decade after the financial crisis, some of the globe’s largest banks are still retooling businesses and cutting staff, representing a persistent struggle by these institutions to find their way.

Here’s why there’s such a thing as too many investor meetings with the CEO Stock-market investors need to stay objectiveStock-market investors need to stay objective. Hearing the same thing over and over can create a false sense of confidence.

Slower economy undermines business efforts to go carbon free, but goal is still sustainability by 2030 ‘Businesses only targeting profits will die,’ says Pernod Ricard CEO as part of UN Global Compact Accenture reportDespite pockets of progress and innovation since the goals among executives were agreed to in 2015, socioeconomic, geopolitical and technological uncertainties over the past four years have distracted CEOs’ sustainability efforts, says the updated United Nations Global Compact-Accenture CEO study.

Here’s who America’s CEOs are backing in the Democratic presidential race Half of the contributions from S&P 500 chief executive officers show they’re supporting top politicians in their companies’ home statesNineteen chief executive officers of S&P 500 companies so far have given their own money to 2020 Democratic White House hopefuls.

William Hill: The new $1 billion game in town for U.S. sports gamblers William Hill’s ambitious expansion could see sportsbooks break key levelWilliam Hill’s aggressive expansion into the U.S. could see its sportsbooks break through the $1 billion barrier across several states which recently legalized sports gambling, including New Jersey and Mississippi.

Climate change and traditional farming risk creating a global food crisis, UN warns Over use of land for crops — with too much food ultimately dumped — reduces nature’s ability to absorb greenhouse gasesUnchecked climate change and overuse of land are setting up a hunger crisis, a new United Nations scientific report says, but there are steps that can put off the calamity.

BMW CEO Harald Krueger is stepping down after company lost its lead in luxury car sales to Mercedes Krueger will remain in his job until a decision on his replacement has been madeKrueger will remain in his job until a decision on his replacement has been made.

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